Cabinet gives nod to new telecom policy

Image
Press Trust of India New Delhi
Last Updated : Sep 26 2018 | 3:45 PM IST

The Cabinet Wednesday approved the new telecom policy, now named as 'National Digital Communications Policy (NDCP) 2018' that aims to attract USD 100 billion investment and create 40 lakh jobs in the sector by 2022.

Communication systems have been evolving at a rapid pace globally, especially in areas like 5G, Internet of Things and Machine to Machine Communication, Telecom Minister Manoj Sinha said.

He added that it was felt that a "consumer-centric and application-driven policy" be brought in.

Some of the objectives of the NDCP 2018 include providing broadband access to all, creating 40 lakh new jobs, and increasing India's ranking in the global ICT Index to 50th spot.

"We also expect GDP contribution of telecom sector, which has been around six per cent, to grow to 8 per cent... and expect USD 100 billion investment to come in," he said.

The vision, Sinha said, is to have robust communication infrastructure which is "ubiquitous, resilient secure, and affordable".

The draft policy, which was in public domain for consultation, focused on increasing high-speed broadband penetration, with use of modern technologies like 5G and optical fibres across the country at affordable rates.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 26 2018 | 3:45 PM IST

Next Story